Technical analysis of USD/JPY for January 02, 2017 888011000 110888 All our targets, which we predicted yesterday, have actually been hit. USD/JPY is still under pressure. In spite of the current rebound, the pair is still trading listed below its decreasing 50-period moving average. The relative strength index is mixed with bearish predisposition. Therefore, as long as 112.55 is not gone beyond, look for a further decline with targets at 112.00 and 111.70 in extension. If the rate moves in the opposite instructions, a brief position is recommended listed below 112.55 with a target of 112.80. Chart Description: The black line shows the pivot point. The present rate above the pivot point indicates a bullish position, while the cost listed below the pivot point is a signal for a short position.The red lines reveal the assistance levels and the green line indicatesthe resistance level. These levels can be used to exit and go into trades.Strategy: SELL, Stop Loss: 112.55 , Take Earnings: 112.00 Resistance levels: 112.80, 113.00 and 113.35 Assistance Levels: 112.00, 111.70, 111.50 The product has been provided by InstaForex Business -www.instaforex.com

By | January 3, 2018

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